GoldPawnShop.com Press | Tips for Selling Jewelry at Online Pawn Shops


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USEFUL TIPS FOR SELLING JEWELRY AT AN ONLINE PAWNSHOP

GoldPawnShop.com educates consumers who want to sell jewelry online.

Delray Beach, FL. – January 9, 2009/PRNewswire– Online pawn shops are popping up all over on the internet these days. With the current state of the economy, a record number of consumers are opting to go with an online pawn shop instead of a traditional pawn shop.

With pawn shops across the US reporting record traffic to their stores, hopeful sellers are looking to cash in on the selling gold jewelry phenomenon. Over the past 90 days, the price of gold has ranged from $910 to $750 an ounce.

"No longer does a consumer need to drive to a part of town that may be unsafe to pawn or sell gold jewelry. Using an online pawn shop is just another example of how the internet has made our everyday lives easier," said Ian Shiell of GoldPawnShop.com. GoldPawnShop.com, the leading online jewelry pawn shop has put together a list of 5 useful tips for consumers who wish to sell jewelry online:

1. Make sure the website has a phone number and contact form. This information is important in case you need to speak with someone.

2. Only deal with online pawn shops that offer a money back guarantee. This provides security in case you are not satisfied with your payout.

3. Ask about adding additional insurance for high ticket items.

4. Current market value for gold fluctuates on a daily basis, so today's price of gold may not be the same tomorrow.

5. If you need cash in a hurry, ask about direct deposit.

The retail markup on jewelry can be upwards of 300% to 400%. When you want to sell gold jewelry for cash, remember that the payout offered is based on wholesale gold prices, not retail. "Consumers should not expect to get anything near what they paid retail for their gold jewelry," said Mr. Shiell.

About GoldPawnShop.com
GoldPawnShop.com was created to help consumers generate cash from unwanted gold jewelry or broken jewelry. Our easy website takes the stress and aggravation out of finding a traditional brick and mortar pawn shop to sell jewelry and offers a money back guarantee.